Stockton’s Basic-Income Experiment Pays Off

Sat, 13 Mar 2021 06:54:48 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.theatlantic.com/ideas/archive/2021/03/stocktons-basic-income-experiment-pays-off/618174/>

"Two years ago, the city of Stockton, California, did something remarkable: It
brought back welfare.

Using donated funds, the industrial city on the edge of the Bay Area tech
economy launched a small demonstration program, sending payments of $500 a
month to 125 randomly selected individuals living in neighborhoods with average
incomes lower than the city median of $46,000 a year. The recipients were
allowed to spend the money however they saw fit, and they were not obligated to
complete any drug tests, interviews, means or asset tests, or work
requirements. They just got the money, no strings attached."

Via Max Strube and Kevin O'Brien.

Share and enjoy,
               *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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